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When Demand Falls and Supply Stays the Same,equilibrium Price ______

question 42

Short Answer

When demand falls and supply stays the same,equilibrium price ______ and equilibrium quantity ________.


Definitions:

Quantity of Money

The total amount of money available in an economy at a specific time, including cash, coins, and balances in bank accounts.

Circulation

In economics, circulation refers to the continuous movement and exchange of money or goods and services within an economy.

Rational Expectations

The hypothesis that individuals make forecasts about the future based on all available information and past experiences, thus influencing their economic decisions.

Prominent Spokesman

A leading or notable figure who represents and speaks on behalf of a particular cause, organization, or group.

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